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Fed's Independence at Stake Amid Trump's Pressure

4/21/2026

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Story summary
  • Kevin M. Warsh will tell lawmakers Tuesday that the Federal Reserve's independence in setting rates is crucial.
  • President Donald Trump has pressured the Fed for lower rates and targeted Lisa D. Cook, while Senator Thom Tillis has pledged to block any Fed nominee until legal issues are resolved.
  • The outcome will shape confirmation prospects and the Fed's independence.